Life insurance is often seen as a way to provide financial security for your loved ones in the event of your untimely death. However, it can offer a range of other benefits that may not be immediately apparent. At Blue Horizon Insurance & Financial Services, we’re committed to helping Wenatchee residents understand the full value of life insurance.
Living Benefits of Life Insurance
Some life insurance policies offer living benefits that you can use during your lifetime. These can include accelerated death benefits, which allow you to access a portion of your death benefit if you’re diagnosed with a terminal illness, and cash value, which can be borrowed against for expenses like education or home improvements.
Life Insurance as an Investment Tool
Certain types of life insurance, such as whole life or universal life, can also serve as an investment tool. These policies build cash value over time, which can be borrowed against or even withdrawn, providing a potential source of income during retirement.
Life Insurance for Estate Planning
Life insurance can play a crucial role in estate planning. The death benefit can provide liquidity to pay estate taxes, protect your assets, and ensure that your heirs receive their inheritance.
Secure Your Financial Future with Blue Horizon Insurance & Financial Services
At Blue Horizon Insurance & Financial Services, we’re committed to helping Wenatchee residents secure their financial future with life insurance. Contact us today to learn more about the unexpected benefits of life insurance.
